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Australasia News

Copper drives Anglo’s overall fourth-quarter production higher, but PGMs, nickel disappoint 

By: Marleny Arnoldi     Updated 2 hours 50 minutes ago Diversified miner Anglo American has reported a year-on-year improvement in the production of nearly all its commodities – except for platinum group metals (PGMs) and nickel – for the fourth quarter of 2022. CE Duncan Wanblad says overall production increased by 10% year-on-year, driven by the... 

155 MW wind farm to be constructed in Mpumalanga by Seriti Green  

By: Martin Creamer     Updated 3 hours ago Work is scheduled to begin soon on the construction of a wind farm in Mpumalanga, South Africa’s electricity heartland. The project, which begins with 155 MW of wind energy and expands to a capacity of 900 MW of renewables and 800 MWh of battery storage, forms part of an agreement that will see... 

Seriti Resources CE Mike Teke.
Seriti Green's wind energy initiative covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Sojitz to sell Canadian copper mine stake

By: Reuters     Updated 3 hours ago Japanese trading house Sojitz, which on Thursday reported record profit for the nine months to end-December, said it was selling its 12.5% stake in Canada's Gibraltar Mines. Sojitz said it booked a pre-tax loss of 6.3-billion yen ($49-million) in the October-December quarter from the planned... 

The Gibraltar mine
The Gibraltar mine

Australian regulator to review short-seller report on India's Adani

By: Reuters     Updated 7 hours ago Australia's corporate regulator said on Wednesday it will review a short-seller report that has flagged a wide range of concerns about India's Adani Group. Hindenburg Research, a well-known US short-seller, last week accused the group of improper use of offshore tax havens and cited concerns... 

Hawsons reassesses iron-ore project size

By: Esmarie Iannucci     Updated 7 hours ago ASX-listed Hawsons Iron this week reported that it would modify the bankable feasibility study (BFS) for its namesake project, in New South Wales, following the completion of a strategic review. The company last year slowed work relating to its BFS to examine escalating costs and to evaluate... 

AuTECO raises cash for Canadian gold hunt

By: Esmarie Iannucci     Updated 7 hours ago Junior AuTECO Minerals on Thursday announced plans for a A$9-million capital raise to fast-track exploration at its Pickle Crow gold project, in Ontario. The ASX-listed company has received firm commitments for the placement of 180-million fully paid ordinary shares, at a price of 5c each to... 

Hancock's stake in Warrego increases

By: Esmarie Iannucci     Updated 7 hours ago Suitor Hancock Energy has now secured a 27.03% interest in takeover target Warrego Energy, after extending its takeover offer period until February 10, earlier this week. Hancock is offering 28c a share in cash for Warrego shares, which would increase to 36c a share if the Gina Rinehart-led... 

SRG wins major contracts with Northern Star

By: Esmarie Iannucci     2nd February 2023 Gold miner Northern Star Resources has awarded ASX-listed contractor SRG Global contracts valued at some A$220-million. SRG has secured a five-year contract at the Bronzewing gold operations, in Western Australia, the scope of which will include the provision of specialist drill and blast... 

Deep Yellow sets A$372m price tag on Tumas

By: Esmarie Iannucci     2nd February 2023 A definitive feasibility study (DFS) on the Tumas uranium project, in Namibia, has estimated that the project would require a capital investment of some $372-million. ASX-listed Deep Yellow based the DFS on treating 4.15-million tonnes a year of ore to produce up to 3.6-million pounds of uranium... 

Hydrogen jobs study starts in Qld

By: Esmarie Iannucci     2nd February 2023 A study is underway in Queensland to determine the skills needed by the local hydrogen industry workforce, delivering on the A$4-million commitment toward supporting energy skills including for hydrogen, electric, vehicles, and renewable energy which was announced at the Queensland Workforce... 

MCA calls for stable policy to boost investment

By: Esmarie Iannucci     2nd February 2023 The Minerals Council of Australia (MCA) has called on the federal government to implement a number of reforms in order to ‘seize a once in a generation opportunity’ to grow investment in the resources sector. In its 2023-24 pre-Budget submission, the MCA pointed out that Australia’s mining... 

Image shows an opencast mine with dump trucks

Rio thankful for radioactive capsule's find

By: Esmarie Iannucci     2nd February 2023 Major Rio Tinto has expressed its gratitude to Western Australia’s Department of Fire and Emergency Services for coordinating the successful search effort to locate a missing capsule lost while in transit from the company’s Gudai-Darri iron ore mine in the Pilbara, Western Australia. The... 

Good grade uplifts Harmony’s gold output 

By: Martin Creamer     1st February 2023 Despite the ongoing electricity shortages and supply chain disruptions, the total gold production of Harmony Gold has increased quarter-on-quarter, the Johannesburg- and New York-listed company, which will be presenting at next week’s Investing in African Mining Indaba in Cape Town, stated on... 

Underground drilling under way at Harmony's Great Noligwa gold mine.
Underground drilling under way at Harmony's Great Noligwa gold mine.

Glencore's 2022 cobalt production up, along with oil, nickel, ferrochrome 

By: Martin Creamer     1st February 2023 Mining and marketing company Glencore produced 40% more cobalt last year, along with 16% more oil, 5% more nickel and 1% more ferrochrome. Although coal production of 110-million tonnes was 6.7-million tonnes higher, on a like-for-like basis, overall group coal production fell by 7%, primarily... 

Glencore CEO Gary Nagle.
Glencore CEO Gary Nagle.

Australia's Tombador Iron halts Brazil mine production after unrest

By: Reuters     1st February 2023 Australia's Tombador Iron said on Wednesday it had temporarily halted production at its flagship iron-ore mine in Brazil after a blockade in Bahia state affected logistics. Shares of the iron ore miner fell 14.3% after the news and were staring at their worse session in nearly five months. 

Australia aims for bigger fines a week into Outback hunt for radioactive capsule

By: Reuters     1st February 2023 Authorities in Australia will review laws that penalise the mishandling of radioactive material with a A$1 000 ($707) fine as a search for a hazardous capsule lost in the Outback enters a seventh day. Officials from Western Australia's emergency response department, defence authorities,... 

Missing radioactive capsule found in Western Australia

By: Reuters     1st February 2023 Australian authorities on Wednesday found a radioactive capsule that was lost in the vast Outback after nearly a week-long search along a 1 400 km (870-mile) stretch of highway, an emergency services official said. The military was verifying the capsule and it would be taken to a secure facility... 

ENEOS starts green hydrogen plant in Qld

By: Esmarie Iannucci     1st February 2023 Japanese energy giant ENEOS has officially opened its green hydrogen demonstration plant in Queensland. ENEOS will produce the green hydrogen using its patented electrolysis technology (Direct MCH), powered from renewable energy generated by an onsite 250-kilowatt solar system. 

NAL offtakes in the pipeline - Piedmont

By: Esmarie Iannucci     1st February 2023 The joint venture partners of the North American Lithium (NAL) operation, in Quebec, are hoping to finalise offtake agreements over the project by the end of March this year. Global lithium developer Piedmont Lithium president and CEO Keith Phillips told Mining Weekly Online that at 130 000 t/y,... 

Image of a handshake

Dreadnought sets A$21.4m raising target

By: Esmarie Iannucci     1st February 2023 ASX-listed junior Dreadnought Resources will raise A$21.4-million to fund work at its rare earth projects, particularly the Mangaroon critical minerals project in Western Australia. The company on Wednesday said it had received firm commitments from institutional and sophisticated investors for... 

Rio signs cooperation agreement with Canadian First Nation

By: Esmarie Iannucci     1st February 2023 Diversified miner Rio Tinto, through its Iron Ore Company of Canada (ICO) has signed an agreement with the Naskapi Nation of Kawawachikamach to establish a mutually beneficial relationship based on dialogue, collaboration and trust between the company and the community over the coming decades.... 

Aura signs mining convention for Tiris

By: Esmarie Iannucci     1st February 2023 Minerals developer Aura Energy has signed a mining convention with the government of Mauritania for its Tiris uranium project. The mining convention covers an initial 30-year period, and provides stability for the project by defining the legal and economic conditions that would allow mining at... 

Renergen eyes US listing

By: Esmarie Iannucci     1st February 2023 ASX- and JSE-listed Renergen has announced plans for a potential initial public offering (IPO) and listing in the US. The company said on Wednesday that in order to raise funding for Phase 2 development of its helium and natural gas operations at the Virgina gas project, in South Africa.  

Genmin signs power deal in Gabon

By: Esmarie Iannucci     1st February 2023 ASX-listed iron-ore developer Genmin has secured long-term power for its Baniaka project, in Gabon. The company has signed a 20-year power supply agreement with Gabon state-owned power utility Société de Patrimoine du Service Public de l’Eau Potable, de l’Énergie Électrique et de... 

Blyvoor Gold secures approval for solar energy project

By: Martin Creamer     31st January 2023 Carletonville’s Blyvoor Gold Mine has announced the approval of the first phase of its solar energy project. Up to 40 MW will be generated near its mining operations on Gauteng’s West Rand, following Eskom’s first phase approval. 

Carletonville’s Blyvoor Gold Mine on Gauteng’s West Rand.
Carletonville’s Blyvoor Gold Mine on Gauteng’s West Rand.

New partnership enabling South African lithium pioneer to go full throttle 

By: Martin Creamer     31st January 2023 Battery metals investment and exploration company Marula Mining, which is delivering its first shipment of lithium ore from its Blesberg lithium and tantalum mine in the Northern Cape, has received a funding boost by clinching of a partnership with Q Global Commodities (QGC). As a majority... 

QGC CEO Quinton van der Burgh (left) and Marula Mining CEO Jason Brewer.
QGC CEO Quinton van der Burgh (left) and Marula Mining CEO Jason Brewer.

Sibanye, Harmony, Gold Fields among miners listed in the 2023 Bloomberg Gender-Equality Index

By: Creamer Media Reporter      31st January 2023 Precious metals miners Sibanye-Stillwater, Harmony Gold and Gold Fields are among the mining firms recognised in this year's Bloomberg Gender-Equality Index. Harmony has been included in the index for the fifth consecutive year. 

South Africa well on way to unlocking incredible base metals potential – Orion 

By: Martin Creamer     31st January 2023 Emerging production hubs in the Northern Cape are opening the way for South Africa to be a producer of future-facing ‘green’ metals to support the global energy transformation and to mitigate against climate change.  The two emerging production hubs are the Prieska Copper-Zinc Mine and the Okiep... 

Dewatering plan at Prieska Copper-Zinc Mine.
Dewatering plan at Prieska Copper-Zinc Mine.

Central bank gold purchases reached a 55-year record high in 2022

By: Marleny Arnoldi     31st January 2023 The World Gold Council (WGC) has revealed in its latest ‘Gold Demand Trends’ report that gold demand increased by 18% year-on-year in 2022, hitting the highest yearly total since 2011 at 4 741 t. WGC senior market analyst Louise Street tells Mining Weekly that demand for gold was propelled by... 

Global oil and gas exploration spend hits record highs

By: Esmarie Iannucci     31st January 2023 New data by advisory firm Wood Mackenzie (WoodMac) has shown that 2022 was the strongest year in more than a decade for global oil and gas exploration, led by major discoveries in Namibia, Brazil and Algeria. WoodMac reported that the sector created at least $33-billion of value and achieved... 

Global oil and gas exploration spend hits record highs

Savannah restart keeps delivering for Panoramic

By: Esmarie Iannucci     31st January 2023 Base metals miner Panoramic Resources has reported its highest production at its Savannah operations, in Western Australia, since operations were restarted. Concentrate production in the three months to December were up by 13% to 20 274 t, with contained nickel up 14% to 1 524 t, contained... 

West African sets targets for 2023

By: Esmarie Iannucci     31st January 2023 Gold miner West African Resources has set a production guidance of between 210 000 oz and 230 000 oz for the 2023 financial year, with the company expected to spend some $27-million to grow its Sanbrado operations, in Burkina Faso. In the 2022, West African produced 229 225 oz of gold at an... 

Arafura selects GHG pathway for Nolans

By: Esmarie Iannucci     31st January 2023 Rare earths developer Arafura has chosen a greenhouse gas (GHG) emissions reduction pathway for its Nolans neodymium-praseodymium (NdPr) project in the Northern Territory. The chosen pathway consists of renewable sources for electrical power combined with large-scale thermal energy storage (TES)... 

Provaris to incorporate govt findings in own FS

By: Esmarie Iannucci     31st January 2023 ASX-listed Provaris Energy on Tuesday said it would incorporate the findings from the Western Australian government’s Compressed Hydrogen Export Feasibility Study Public Sharing Reporting into its feasibility study for its HyEnergy project. The study, which received funding from the state... 

New Century hopeful review bears fruit

By: Esmarie Iannucci     31st January 2023 Base metals miner New Century Resources is hoping that an organisational review, which was undertaken during the December quarter, would realise benefits from the March quarter onwards. The company on Tuesday said that the organisational review was aimed to optimise the operational performance... 

Squeezed mining companies face growth dilemma

By: Reuters     31st January 2023 High costs and the prospect of shrinking earnings have made big miners nervous about expansion, even as shareholders demand investment in response to robust commodity prices, China's reopening and the role of minerals in decarbonising the economy. Although years of cost discipline have repaired... 

IGO posts record earnings

By: Esmarie Iannucci     31st January 2023 Battery metals miner IGO has reported record earnings for the half-year ended December, driven by a strong December quarter. The ASX-listed miner on Tuesday announced record underlying earnings before interest, tax, depreciation and amortisation (Ebitda) of A$834-million for the half-year,... 

Balama production takes a hit in Dec quarter

By: Esmarie Iannucci     31st January 2023 Graphite miner Syrah Resources has reported a slight drop in production from its restarted Balama graphite operations, in Mozambique, during the three months to December. The company on Tuesday reported that graphite production for the December quarter reached 35 000 t, down from the 38 000 t... 

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